Widely followed analyst and trader Michaël van de Poppe believes crypto is on the verge of a big burst to the upside.
Van de Poppe told his 721,600 social media followers that TOTAL (total crypto market capital) was preparing to break through its previous resistance level of $2.66 trillion.
A chart shared by the trader suggests that TOTAL has a strong upward trend, boosted by higher-low bullish setups.
The total crypto market capitalization chart is a bullish one.
In two to three months, we will break the record and not look back.
“It’s going be fun!”
As of the time this article was written, TOTAL hovered around $2.410 trillion.
Van de Poppe has also looked at the TOTAL3 chart to track the value of all cryptos excluding Bitcoin.BTCEthereumETHStablecoins and cryptocurrencies.
TOTAL3 has reportedly been on a course to break its critical resistance level of $800 billion.
It was a tough week for many altcoins. However, altcoin’s market capitalization saw a 4% drop.
This is the build up before the correction. next Big upward breakout of $800 billion occurs.”
TOTAL3’s current market value is $641.572 Billion.
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